ORE RESERVE AT MAJESTIC PROJECT INCREASED BY 75% MAIDEN ORE RESERVE FOR IMPERIAL DISCOVERY OF 43,000 OUNCES AT 6.6 G/T GOLD Integra Mining Limited (ASX:IGR, Integra) is pleased to report a 75% increase to the Ore Reserves at the Majestic Project, including the Majestic and Imperial gold deposits. The Majestic Project Mineral Resource estimate (inclusive of Ore Reserves) is now 3 million tonnes at 2.9 g/t gold for a contained 280,000 ounces. Both the Majestic and Imperial gold deposits were ‘grassroots’ discoveries made by Integra. The Majestic Project is part of the Monger JV between Integra (85%) and Newcrest Operations Limited (Newcrest, 15%) with Mineral Resources and Ore Reserves being reported on an 85% Integra equity basis. The Majestic Project Ore Reserves estimate is now 1.2 million tonnes at 3.7 g/t for 140,000 contained ounces from two open pits with a maiden open pit Ore Reserve estimate of 202,000 tonnes at 6.55 g/t gold for 43,000 ounces for the Imperial gold deposit. The Majestic Project Ore Reserves and Minerals Resources as at 12 December 2012 are presented in Tables 1 and 2, respectively.
IGR Price at posting:
48.5¢ Sentiment: None Disclosure: Held
